Saturday, November 12, 2011

Market Trend For This Week: Nifty Futures Weekly Levels

Last week was full of dramas, domestic as well as global factors dump the sentiment in the shortened week. factors which affected market sentiments were, uncertainties in Euro zone, banking sector suffers setback after international rating agency moody downgraded this sectors stable to negative and index of industrial production for September was 1.9% vs 3.6% for the previous month, slightly below market expectations. 
Nifty Future closed at 5191.75 levels, down by 2.5% week on week basis.
For the coming week if nifty crossed its multiple & psychological support level of 5150 then it could be more bearish and next level comes at 5085-5000.

Immediate resistance comes at 5250 if maintain this level than it can touch the level of 5300-5380 are the higher zone for market. 


angel said...

Good information , about stock market , thanks for sharing , i would like to read more about equity tips thanks

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